Executive Benefits Service

With the Annual Allowance (AA) reducing from £255,000 to £50,000 for the 2011/12 tax year, increasing numbers of middle to high earners are likely to be faced with the possibility of unforeseen tax charges on their pension savings. The position is made worse by the fact that the Lifetime Allowance (LTA) is being reduced from £1.8 million to £1.5 million from 2012/13 and that it is not expected to be increased for the foreseeable future.

The BBS Executive Benefits Service is aimed at employers wishing to ensure that pension benefits continue to be provided on a tax-efficient basis. It will also be of assistance in formulating alternative compensation packages where pension benefits are restricted as a result of the new measures.

Please review our Executive Benefits Service Leaflet for further information.